Vontobel Holding Ltd. Increases Holdings in Core Scientific, Inc. (NASDAQ:CORZ)

Vontobel Holding Ltd. increased its position in Core Scientific, Inc. (NASDAQ:CORZ) by 10.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,089 shares of the company’s stock after buying an additional 3,591 shares during the period. Vontobel Holding Ltd.’s holdings in Core Scientific were worth $452,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in Core Scientific during the second quarter worth approximately $28,000. Aspect Partners LLC bought a new stake in Core Scientific during the first quarter worth approximately $29,000. Sunbelt Securities Inc. bought a new stake in Core Scientific during the second quarter worth approximately $33,000. Hexagon Capital Partners LLC bought a new stake in Core Scientific during the first quarter worth approximately $34,000. Finally, Rise Advisors LLC bought a new stake in Core Scientific during the second quarter worth approximately $65,000.

Insider Buying and Selling

In other Core Scientific news, CFO Denise Marie Brucia Sterling sold 8,752 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $9.41, for a total transaction of $82,356.32. Following the completion of the sale, the chief financial officer now owns 122,217 shares in the company, valued at $1,150,061.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Core Scientific news, insider Todd M. Duchene sold 11,582 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $9.41, for a total transaction of $108,986.62. Following the completion of the sale, the insider now owns 1,686,474 shares in the company, valued at $15,869,720.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Denise Marie Brucia Sterling sold 8,752 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $9.41, for a total value of $82,356.32. Following the sale, the chief financial officer now owns 122,217 shares of the company’s stock, valued at approximately $1,150,061.97. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 12,761 shares of company stock valued at $127,080 over the last quarter. 32.00% of the stock is owned by corporate insiders.

Core Scientific Price Performance

Shares of NASDAQ:CORZ opened at $13.72 on Wednesday. Core Scientific, Inc. has a 52-week low of $2.61 and a 52-week high of $14.01. The business’s 50 day moving average is $11.32 and its 200 day moving average is $8.47.

Core Scientific (NASDAQ:CORZ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($4.47). The company had revenue of $141.10 million during the quarter, compared to the consensus estimate of $128.58 million. The company’s revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts forecast that Core Scientific, Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

CORZ has been the topic of several analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 price objective on shares of Core Scientific in a research note on Thursday, October 3rd. BTIG Research upped their target price on Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. B. Riley upped their target price on Core Scientific from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, October 11th. HC Wainwright upped their target price on Core Scientific from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $17.00 target price on shares of Core Scientific in a research note on Tuesday, September 10th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $15.27.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.